B2C2’s Maxime Boonen on SBI deal: 'There is no excuse for institutions now'

Quick Take

  • Max Boonen hopes the acquisition will allow financial institutions to “tick the credit box” and start trading cryptocurrencies.
  • The cash transaction leaves Boonen and co-founder Molendini as the only remaining shareholders apart from SBI Financial Services.
  • B2c2’s employees will be subsumed by SBI, and the firm will continue to hire for its digital assets team.
The founder of digital asset market-making firm B2C2 says SBI's acquisition will make digital asset trading more attractive to institutions.

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May 5, 2022, 3:17PM UTC